Hong Kong’s Tenant Protection Act Comes into Force

Hong Kong’s Tenant Protection Act Comes into Force

Buffer for HK Businesses with the Tenant Protection Act Tenant protection act comes into effect, offering three months’ protection. The Hong Kong Government is providing a three-month protection period for business tenants with its tenant protection act. The Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance took effect on May 1, 2022. The ordinance…

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Changes in Store for Hong Kong’s Accounting Profession  

Changes in Store for Hong Kong’s Accounting Profession  

Hong Kong’s New Regulatory Regime for the Accounting Profession Gazetting of subsidiary legislation to bring change to HK’s accounting profession.  The Hong Kong Government is introducing new legislative measures by gazetting several subsidiary legislations. These amendments and ordinances will change HK’s accounting profession by establishing a new regulatory regime. They aim to ensure the profession’s…

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HK Government Seeks to Inject $27 Billion Into Virus Relief Fund

HK Government Seeks to Inject $27 Billion Into Virus Relief Fund

HK Government Seeks Committee Approval to Inject $27 Billion Into Virus Relief Fund Hong Kong’s Anti-Epidemic Fund (AEF) may be in for a significant monetary boost. The HK Government is seeking approval for a $27 billion financial infusion proposal. Upon approval from the Legislative Council Finance Committee, the AEF will support a significant number of…

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Fifth Round of Anti-Epidemic Fund Measures in Hong Kong Totals $3.57 Billion

Fifth Round of Anti-Epidemic Fund Measures in Hong Kong Totals $3.57 Billion

Fifth Round of Anti-Epidemic Fund Measures in Hong Kong Totals $3.57 Billion As of January 14, the Hong Kong government announced measures for the fifth phase of the Anti-epidemic Fund. The government is allocating approximately $3,570 million in total funds. With effect from January 7, the government reinforced social separation restrictions in response to the…

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